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Nov 8, 2012
11/12
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. >> the focus in washington is back to congress to avoid the so-called fiscal cliff. spending cuts and tax increases will kick in. john boehner echoed the president's remarks about bipartisan cooperation. >> we stand ready to work with you to do what is best for our country. that is what i told the president earlier today. >> closing special interests loopholes and cuts to entitlement programs. that brings us to our water cooler question of the day. do you think a new spirit of bipartisanship corporation will allow congress to avoid the fiscal cliff? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> despite the long voting lines, fewer marylanders voted this year compared to four years ago. if the unofficial member holds, the 2012 presidential election will have the lowest voter turnout in maryland of any presidential election since 1984 . >> maryland casinos took in just under $40 million. this came at the expense of the other casinos. down near 40% in the past year and ocean downs is down nearly 8%
. >> the focus in washington is back to congress to avoid the so-called fiscal cliff. spending cuts and tax increases will kick in. john boehner echoed the president's remarks about bipartisan cooperation. >> we stand ready to work with you to do what is best for our country. that is what i told the president earlier today. >> closing special interests loopholes and cuts to entitlement programs. that brings us to our water cooler question of the day. do you think a new spirit...
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Dec 31, 2012
12/12
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the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland
the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff....
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Jan 3, 2013
01/13
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bond funds began to take it on the chin, thanks to the fiscal cliff spending slowdown. so what is the conclusion of all this nonsense? simple, i ran money for 30 years, i invested other people's money for 30 years and doing a charitable trust before the risk on risk off garbage came into play. i'm beginning to believe that it's simply the refuge of scoundrel who refuse to do individual stock homework or can't think of anything to ask or to say. let 2013 be the year that these people who continue with this terminology be defrocked. not that they were frocked to begin with. i'll do my best it out them as short-term mental hooligans. maybe this time with the risky s&p's sterling performance it will become clear that this nonsense is nothing but a travesty perpetrated by those offering soundbites. stick with cramer. >>> keep up with cramer all day, follow @jimcramer at twitter. drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the
bond funds began to take it on the chin, thanks to the fiscal cliff spending slowdown. so what is the conclusion of all this nonsense? simple, i ran money for 30 years, i invested other people's money for 30 years and doing a charitable trust before the risk on risk off garbage came into play. i'm beginning to believe that it's simply the refuge of scoundrel who refuse to do individual stock homework or can't think of anything to ask or to say. let 2013 be the year that these people who...
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Nov 8, 2012
11/12
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now comes the hard part. >> on january one, 2013, there will be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: the economy could go off that cliff. so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes per year, for those with three children or more, that jumps to $4700, on top of that, the payroll tax cut would expire, so add on a 2% tax increase for most workers, with automatic spending cuts in a thousand government programs, including defense, medicare, extended unemployment benefits. everything but veteran's benefits and social security pension. congress says that action would act as a break on the economy, throwing it back into recession and could cause
now comes the hard part. >> on january one, 2013, there will be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: the economy could go off that cliff. so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush...
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Dec 30, 2012
12/12
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cliff of large spending cuts and tax increases. >> find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now. >> does that mean extending the tax cuts? >> the real issue is not whether they should be extended for another few months. the real issue is whether the price the republican house will put on that extension is the permanent extension of the tax cuts. >> grur going to extend the tax cuts you're going to have 3.8 trillion added in ten years to the $16 trillion we already owe. i mean, have a drink. >> we can't keep giving the middle class tax cuts like the president says he wants to do and romney says he wants to do when we got -- when we have a trillion dollar deficit. >> just a few days before the election day and you're analysis of the polls have given the president better than 80% chance of winning re-election? >> the fact that the president leads in the polls in ohio and iowa states where you would need -- he would need to win 207 electoral votes means he's the favorite in the electoral college. >> this is the era of flation. berna
cliff of large spending cuts and tax increases. >> find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now. >> does that mean extending the tax cuts? >> the real issue is not whether they should be extended for another few months. the real issue is whether the price the republican house will put on that extension is the permanent extension of the tax cuts. >> grur going to extend the tax cuts you're going to have 3.8 trillion...
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Aug 26, 2012
08/12
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might have to come in and stimulate more or people hit the fiscal cliff. i think the underlying trend is better than we think. >> all of the stimulus we have seen already, it's a real debate on how much more effective they can be. do you think they will move the needle in terms of growth? >> i don't think so, i've heard people calling for more. corporations need to start hiring or for washington to come together. put policies and gives people a sense of what's going to happen in the future and focussing on trying to restore economic growth. >> i think the fed ran out of things that could be effective. >> i feel like they keep bailing out the white house. we need to see policy on taxes, on the spending programs. >> i agree, i wouldn't say it's the white house, i think they're equal by culpable. congress made it their mandate to make this president unsuccessful, and that sunt well. >> and there was a slow melt up in the stock market. the market going higher, i guess on the fed or on the corporate balance sheets that appear to be strong. how do you think the
might have to come in and stimulate more or people hit the fiscal cliff. i think the underlying trend is better than we think. >> all of the stimulus we have seen already, it's a real debate on how much more effective they can be. do you think they will move the needle in terms of growth? >> i don't think so, i've heard people calling for more. corporations need to start hiring or for washington to come together. put policies and gives people a sense of what's going to happen in the...
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Dec 31, 2012
12/12
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if we fall off the fiscal cliff and automatic spending cuts kick in, researchers estimate maryland will lose $117.6 million in federal funding next year, money already in the state budget. economists say to make up for, the state will have to reallocate spending and make cuts. >> and perhaps raise -- raise a threshold for any kind of aid that has federal funds tied to it. it will be a challenge to make ends meet than. the report estimates 53,000 full and part-time jobs will be lost in 2013. that number could be much higher. a huge hit in sales and income tax revenue means the state would lose about $268 million in 2013. and another $635 million in 2014. >> the ability for the state to be the leader in education, small business innovation as well as other things -- the state usually leads in doing so -- these are tied up in those revenues. >> many middle-class families in maryland also end up paying more taxes because of the alternative minimum tax rate. if we go over the fiscal cliff, it will revert to a system not adjusted for inflation. secretary of state hillary clinton remains hospi
if we fall off the fiscal cliff and automatic spending cuts kick in, researchers estimate maryland will lose $117.6 million in federal funding next year, money already in the state budget. economists say to make up for, the state will have to reallocate spending and make cuts. >> and perhaps raise -- raise a threshold for any kind of aid that has federal funds tied to it. it will be a challenge to make ends meet than. the report estimates 53,000 full and part-time jobs will be lost in...
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Jul 15, 2012
07/12
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. >> this fiscal cliff is a big one, i want to get your take on it. because we're not hearing enough conversation from our leadership about the fiscal cliff. we have spending programs that are expiring as well. >> and the debt ceiling. >> and the debt ceiling. and it will force some economy a number of them, defense comes to mind, to force, to cut jobs because they just don't have the federal dollars from those spending programs. why is it? >> i recognize this is really a hostile situation, they don't want to come to an agreement on anything. but they're just leaving people out there, hanging in the balance, why is it that we're not hearing any conversation about the fiscal cliff at year end? you know we're not going to get an agreement before the election, do you think we'll get an agreement before the election? >> absolutely not, and i think what is happening behind the scenes, you have democrats and republicans behind the scenes that because of the cuts, it would be a reality, people like john mccain, lindsey graham, and john kerr from the labor co
. >> this fiscal cliff is a big one, i want to get your take on it. because we're not hearing enough conversation from our leadership about the fiscal cliff. we have spending programs that are expiring as well. >> and the debt ceiling. >> and the debt ceiling. and it will force some economy a number of them, defense comes to mind, to force, to cut jobs because they just don't have the federal dollars from those spending programs. why is it? >> i recognize this is really...
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Dec 9, 2012
12/12
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the fiscal cliff will result in tax increases and federal spending cuts. >> both parties are kind of, hey, i'm going to do my thing, you're going to do your thing, nobody seems to want to give in. they're going to have to because this country's in a dire situation. >> many shoppers agree, as tax paying citizens, one of the top things on their wish list for christmas is for the president and congress to compromise and to get a deal done. >> please start working together and remember the people who put you in office. >> nadia ramdass, wbal-tv 11 news. >> jews around the world celebrated the beginning of eight-day hanukkah festival saturday evening by lighting the ceremonial lamps. in chicago, hundreds gathered to watch the lighting of an eight-foot menorah. hanukkah commemorates the jewish uprising in the second century b.c. against the greek syrian kingdom. the holiday last it is eight days. according to tradition, when the jews rededicated the temple in jerusalem, a single vial of oil burned for eight days. and here in baltimore, some people celebrated the first night of hanukkah with
the fiscal cliff will result in tax increases and federal spending cuts. >> both parties are kind of, hey, i'm going to do my thing, you're going to do your thing, nobody seems to want to give in. they're going to have to because this country's in a dire situation. >> many shoppers agree, as tax paying citizens, one of the top things on their wish list for christmas is for the president and congress to compromise and to get a deal done. >> please start working together and...
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Jan 3, 2013
01/13
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. >> the the fiscal cliff law has passed. house republicans are demanding spending cuts. >> in return for raising the debt ceiling, we have to solve the long-term problem with our debt and deficit. >> he opposed the fiscal cliff bill because it did not cut spending. elijah cummings said it was something that congress had to pass. >> we have people unemployed that one now get their benefits. we have a tax cut for 90% of americans. that is major stuff. >> new members of congress will be sworn in today on capitol hill. they have a lot on their plate. hallie jackson joins us now with the latest. give us a breakdown of the new congress. >> 100 new members will be sworn in later today. 84 and the house including representative dulaney from maryland. 12th in the senate. there is still a split in power. the house is controlled by republicans. some question whether compromise can be reached this time around. by president biden will be here to swear in the senators. the speaker of the house will swear in the representatives. >> the new
. >> the the fiscal cliff law has passed. house republicans are demanding spending cuts. >> in return for raising the debt ceiling, we have to solve the long-term problem with our debt and deficit. >> he opposed the fiscal cliff bill because it did not cut spending. elijah cummings said it was something that congress had to pass. >> we have people unemployed that one now get their benefits. we have a tax cut for 90% of americans. that is major stuff. >> new members...
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Dec 19, 2012
12/12
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if we bridge the fiscal cliff, without too many spending cuts and tax increases, we could have a very good 2013. that is why the heck the stock markets rally. let's go to mark in pennsylvania. >> hey, jim, thank you for having me on your show. i'm a long-term investor with the short-term trading around a core position. um, you know, the stock only a half percent up today, down close to a full percent. the board approving coca cola enterprises, big news today with a repurchase program, and you know, we saw that go up 4.5%. my question to you, is there any relationship between coca cola enterprises and european market? >> not that much. they have specific things that are positive. my charitable trust owns it. it is why we play am i diversified. coke is the ultimate defensive stock. it can not rally in an environment where people think the economy is going to pick up big. let's go to mike in pennsylvania. >> big booyah from shippensburg university. >> what is going on? >> peabody energy. in 2011 australian mining of its growth. operations contributed to half of its growth. recently extre
if we bridge the fiscal cliff, without too many spending cuts and tax increases, we could have a very good 2013. that is why the heck the stock markets rally. let's go to mark in pennsylvania. >> hey, jim, thank you for having me on your show. i'm a long-term investor with the short-term trading around a core position. um, you know, the stock only a half percent up today, down close to a full percent. the board approving coca cola enterprises, big news today with a repurchase program, and...
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Sep 2, 2012
09/12
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programs going away, and this fiscal cliff issue? are you expecting a lot of layoffs at year end? >> well, what i'm expecting is that everyone work through due diligence here, because you shouldn't falsely give out notice if you in fact have not been notified that your contract is not going to be renewed. >> everything has changed so much, we call it the new normal, but of course, industry after industry, you are seeing technology differences, things changing. if you started your career today, secretary solis, where would you want to work? >> well, i would want to make sure that i have the skill sets available, and that means soft skills and also technical skills. so i would first of all want to make sure that whatever credentials i get. and i'm talking about a one or two-year credential that you would obtain at a community college, that are low cost and would turn people away. i would look at that, and look at traditionally apprenticeship people, for example, welding, did you know many have that skill? we have gone so far away from
programs going away, and this fiscal cliff issue? are you expecting a lot of layoffs at year end? >> well, what i'm expecting is that everyone work through due diligence here, because you shouldn't falsely give out notice if you in fact have not been notified that your contract is not going to be renewed. >> everything has changed so much, we call it the new normal, but of course, industry after industry, you are seeing technology differences, things changing. if you started your...
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Nov 10, 2012
11/12
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the fiscal cliff isn't just about spending cuts. tax increases would have to happen, too. since someday considered a higher income state, more money would come out of more of your pockets and we have more investment income, capital gains and dividend tax rates are scheduled to rise january 1. if congress and the president don't come up with a solution, experts predict maryland will be in a recession by early next year. >> we explain the fiscal cliff in greater detail, particularly how we got here and what happens if a deal is not reached on wbaltv.com. click on "project economy" and in our mobile app, tap picks. >> the nation's highest court says it will decide whether police can collect d.n.a. samples from suspects placed under arrest. the supreme court said it would review the maryland decision barring police from taking samples that centers around alonzo king jr., convicted of a 2003 rape but based on d.n.a. evidence taken after a 2009 arrest. chief justice roberts blocked the ruling and allowed the police to continue taking samples. >> a dozen department of transportat
the fiscal cliff isn't just about spending cuts. tax increases would have to happen, too. since someday considered a higher income state, more money would come out of more of your pockets and we have more investment income, capital gains and dividend tax rates are scheduled to rise january 1. if congress and the president don't come up with a solution, experts predict maryland will be in a recession by early next year. >> we explain the fiscal cliff in greater detail, particularly how we...
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Dec 7, 2012
12/12
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is set to go over the fiscal cliff and still no deal. >> the president wants more revenue and fewer spending cuts then if we fell off the fiscal cliff. >> pulling the rug out from under these families would delay the recovery. how do we get the economy moving? weekly unemployment claims spike. governor chris christie pressed president obama for additional aid. >> i am going home, guys. >> hiring plans plans last month. matching a record low from november of 2008. planned layoffs rose 20% to their highest levels in six months. consumer spending is down. >> i want to thank tiffany. >> the fiscal cliff negotiations are down to president obama and john boehner. the uncertainty could take a toll. >> it hasn't affected hiring and layoff decisions yet but it will if we get into next year and haven't nailed this down. >> on monday the president travels to michigan to talked economy at a diesel plant. >> why is superstar sandy plain such a role in the jobs report? >> 24 states were affected one way or the other. businesses had to shut down. between the fiscal cliff and senate come when my has seen it
is set to go over the fiscal cliff and still no deal. >> the president wants more revenue and fewer spending cuts then if we fell off the fiscal cliff. >> pulling the rug out from under these families would delay the recovery. how do we get the economy moving? weekly unemployment claims spike. governor chris christie pressed president obama for additional aid. >> i am going home, guys. >> hiring plans plans last month. matching a record low from november of 2008. planned...
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Nov 10, 2012
11/12
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cliff, drastic spending cuts and tax hikes to kick in at the end of the year if congress does not reach a deal. a showdown is looming between the president and congress. good morning. >> good morning, lester, both sides say they want compromise, but there is not much common ground on one big issue, how much should the wealthy pay in taxes. >> president obama issued a warning ahead of the coming fiscal fight with republicans. >> i refuse to accept any approach that isn't balanced. on tuesday night, we found out that the majority of americans agree with my approach. >> that approach means making the wealthy pay more in taxes, a vow the president made repeatedly in the campaign, but john boehner, appearing earlier in the day, says it won't happen on his watch. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> it is the key sticking point, and if it can't be resolved by the end of the year, the nation heads over the fiscal cliff. a combination of expires tax cuts costing the average household almost $3500 in higher taxes next year. combined,
cliff, drastic spending cuts and tax hikes to kick in at the end of the year if congress does not reach a deal. a showdown is looming between the president and congress. good morning. >> good morning, lester, both sides say they want compromise, but there is not much common ground on one big issue, how much should the wealthy pay in taxes. >> president obama issued a warning ahead of the coming fiscal fight with republicans. >> i refuse to accept any approach that isn't...
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Sep 16, 2012
09/12
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do you think we will go over that fiscal cliff? what's your take on how this is impacted by the economy? >> well, we're not sure either, as is ben bernanke. this will depend upon the period between november and january and who's elected, i suppose. eventually, i think, the cliff will -- we won't see a wylie coyote over the cliff and falling down in to the deep canyon. i think it will be resolved. there will be negative drag with potentially higher tax rates for the rich and lower spending in some areas. fiscally the economy needs to get an injection of adrenaline just like ben bernanke provided this week. >> you sent out a tweet at the end of the week. by gold, buy a house. tell me the impact of all of. this are you basically saying you want to buy hard assets? >> i think this is the era of reflags, or attempted reflation. he is basically writing checks. it is hard to imagine that from the standpoint of main street, how does the fed write checks but basically they are writing checks and they will five 5 billion to a trillion dollar
do you think we will go over that fiscal cliff? what's your take on how this is impacted by the economy? >> well, we're not sure either, as is ben bernanke. this will depend upon the period between november and january and who's elected, i suppose. eventually, i think, the cliff will -- we won't see a wylie coyote over the cliff and falling down in to the deep canyon. i think it will be resolved. there will be negative drag with potentially higher tax rates for the rich and lower spending...
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Nov 13, 2012
11/12
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cliff. automatic tax increases and spending cuts defense and domestic programs would be triggered automatically. the deadline is january 1st. nancy pelosi will announce whether or not she continues her post doorstep down. they failed to gain the 25 seats needed to win the house majority. >> the issue of religious liberty is a setting up a potential collision course between the obama administration and a group of u.s. catholic bishops. david collins joins us live from downtown where the group met this afternoon. david. >> the president of the conference call -- proclaims the catholic church will never comply with president obama's mandated birth to her -- health care birth control coverage. ♪ make me a channel of your ♪ >> there during attention to the partisan and heated rhetoric protesting our side. from the pulpit, giving catholics and up -- an ultimatum. the deliberate 25,000 signature petition calling on church leaders to reconsider the perceived alliance with the gop. >> having lett
cliff. automatic tax increases and spending cuts defense and domestic programs would be triggered automatically. the deadline is january 1st. nancy pelosi will announce whether or not she continues her post doorstep down. they failed to gain the 25 seats needed to win the house majority. >> the issue of religious liberty is a setting up a potential collision course between the obama administration and a group of u.s. catholic bishops. david collins joins us live from downtown where the...
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Nov 13, 2012
11/12
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unless congress -- to avoiding the fiscal cliff by year's end. unless congress takes action, automatic spending cuts will take action at the end of this year. coming up, alzheimer's is the sixth leading cause of death. doctors of had difficulty of diagnosing the disease. we have more in our medical alert. >> and we are watching as the radar finally clears out. the showers are toward the lower eastern shore, the skies clearing over baltimore. here is a live look downtown. 45 of the airport, 47 at the inner >> covering the nation, a new look short sell that will help struggling homeowners sell their homes in just a few weeks. a traditional short sale will sell homes for less than homeowners oh, but under the new deal, homeowners can -- less than homeowners owe, but under the new deal, homeowners can sign up for the new fannie mae and freddie mac deal. homeowners must have had a significant reduction in their income, or recent divorce, separation, or debt to be eligible. the black friday deal previews. target will open at 9:00 p.m.. toys r us will o
unless congress -- to avoiding the fiscal cliff by year's end. unless congress takes action, automatic spending cuts will take action at the end of this year. coming up, alzheimer's is the sixth leading cause of death. doctors of had difficulty of diagnosing the disease. we have more in our medical alert. >> and we are watching as the radar finally clears out. the showers are toward the lower eastern shore, the skies clearing over baltimore. here is a live look downtown. 45 of the...
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Nov 10, 2012
11/12
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the fiscal cliff isn't just about spending cuts. tax increases would have to happen, too. since maryland is considered a higher income state, more money would come out of more of your pockets and also we have more investment income. capital gains and dividend tax rates are scheduled to rise january 1. if congress and the president don't come up with a solution, experts predict maryland will be in a recession by early next year. george lettis, wbal-tv 11 news. >> as we explained the fiscal cliff in greater detail, particularly how we got here and what happens if the deal isn't reached, that's on wbaltv.com, click on project economy >> maryland families hard hit by the mortgage crisis got some help when five banks agreed to a financial settlement but this morning, a consumer group wonders if certain communities are being left out. the maryland consumer rights coalition says it wants information showing which zip codes are getting help to avoid foreclosure. maryland is receiving nearly $1 billion from the settlement. officials say it appears much of the money has gone to weal
the fiscal cliff isn't just about spending cuts. tax increases would have to happen, too. since maryland is considered a higher income state, more money would come out of more of your pockets and also we have more investment income. capital gains and dividend tax rates are scheduled to rise january 1. if congress and the president don't come up with a solution, experts predict maryland will be in a recession by early next year. george lettis, wbal-tv 11 news. >> as we explained the fiscal...
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Dec 6, 2012
12/12
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to avert the fiscal cliff. >> i think the president's proposal is short. i think to get where we need to get my $3 trillion target we need $1.2 trillion in spending cuts. >> a growing number of house republicans are open the raising tax rids on the wealthy but only if it is part of a larger reduction deal. >> authorities are identifying the prisoner involved in yesterday's police-involved shooting. 30-year-old brine is charged with attempted murder but he is still at the hospital. he was being treated at the e.r. and trying to hide a needle in his clothes after a brief struggle. medical staff an officer stepped in and he went for the gun. we're told he was handcuffed during the entire incident. the officer was grazed by the bullet but did not require medical treatment. an investigationing is underway on what started a deadly fire in baltimore county. 62-year-old william spencer was killed when these flames engulfed his home. this is eyewitness video from one of our viewers. about 80 fire penalty nell was called to the scene just after midnight and we're to
to avert the fiscal cliff. >> i think the president's proposal is short. i think to get where we need to get my $3 trillion target we need $1.2 trillion in spending cuts. >> a growing number of house republicans are open the raising tax rids on the wealthy but only if it is part of a larger reduction deal. >> authorities are identifying the prisoner involved in yesterday's police-involved shooting. 30-year-old brine is charged with attempted murder but he is still at the...
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Nov 9, 2012
11/12
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is the fiscal cliff? it's a nightmare combination of tax heights and spending cuts that congress agreed to to force themselves into a compromise but so far they haven't agreed on anything so barring a last-minute fix at the stroke of midnight on new year's eve the tax cuts expire, alternative minimum tax kicks in, more than half the families with two children would oe 4,000 more. on top of that, the 2011 temporary payroll tax cut would expire. so add on a 2% tax increase for most workers. then there would be automatic spending cuts in 1,000 government programs, defense, welfare, extended unemployment benefits. everything from veterans benefits, social security. that would act as a brake on the economy, throwing it back into recession and could cause a market crash. >> nbc's andrea mitchell reporting. >>> today at 1:00 p.m. eastern president obama will lay out the first steps since his re-election to help avoid this. nbc's tracie potts has the latest on that. >> reporter: in that speech, there will be a sp
is the fiscal cliff? it's a nightmare combination of tax heights and spending cuts that congress agreed to to force themselves into a compromise but so far they haven't agreed on anything so barring a last-minute fix at the stroke of midnight on new year's eve the tax cuts expire, alternative minimum tax kicks in, more than half the families with two children would oe 4,000 more. on top of that, the 2011 temporary payroll tax cut would expire. so add on a 2% tax increase for most workers. then...
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Sep 20, 2012
09/12
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on the budget. -- the fiscal cliff is this package of automatic tax hikes and spending cuts if congress cannot cut a deal on the budget. we may hit another recession. >> the but it wants that. thank you. >> a big story in baltimore this morning. officials are trying to find out who was responsible for setting wednesday morning fires on wednesday. jennifer franciotti was first on the scene then during back outside the barbara, but this morning. what is the latest on the investigation? like the morning -- there is a live during smell of smoke. police say molotov cocktails were found at the scenes of both fighters and they want to know who was responsible and why. like i had to climb out the bedroom window. it was horrible. i was scared. i did not know what to do. >> if friday morning for residents of the park side garden apartment in north east -- a frightening morning for residents of the park side of garden apartments in northeast baltimore. there was a fire ended in another apartment complex. luckily no one was injured there. police say both were started by molotov cocktails, the work
on the budget. -- the fiscal cliff is this package of automatic tax hikes and spending cuts if congress cannot cut a deal on the budget. we may hit another recession. >> the but it wants that. thank you. >> a big story in baltimore this morning. officials are trying to find out who was responsible for setting wednesday morning fires on wednesday. jennifer franciotti was first on the scene then during back outside the barbara, but this morning. what is the latest on the...
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May 27, 2012
05/12
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people worry this is a fiscal cliff. how do you think we get around that? >> i think the mode of uncertainty is going to happen between now and near-end. some of those points you made, they take effect at the end of december, some of them early january. but what happens is that we have the november elections. and so it also depends on whether president obama gets re-elected or whether we have a president elect romney. if it is the latter, president lae elect will not be able to take any action until january anyway. the certainty increases. i expect the market volatility to increase significantly. and if the european debt crisis still stays with us, you have a combination from both sides of the atlantic. >> sri, larry likes the dividend companies. how do you want to invest with all this gloom and doom out there if. >> the dividend-paying companies, same as larry, i think they will continue to do well and the reason for that is because that is very defensive and that is going to be good in a period when risk on is not going to be what prevails. i think the bu
people worry this is a fiscal cliff. how do you think we get around that? >> i think the mode of uncertainty is going to happen between now and near-end. some of those points you made, they take effect at the end of december, some of them early january. but what happens is that we have the november elections. and so it also depends on whether president obama gets re-elected or whether we have a president elect romney. if it is the latter, president lae elect will not be able to take any...
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Nov 11, 2012
11/12
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. >> all this comes as washington is turning its attention to the fiscal cliff. these automatic spending cuts that threatened to send the economy back into a nose dive. what's your sense in washington? are both sides -- do both sides still have an appetite to play brinksmanship or is there a real desire to get this done? >> as i talk to people on capitol hill, lester, and in the administration, there is still wariness on both sides. one for the other. but there is a different attitude. they both see some room for breakthrough here. i think both sides recognize that the public has spoken lo loudly about the importance of compromise. but the public has also reaffirmed the status quo in washington. so the president is in a position, and you heard him at the end of the week insisting that tax rates for wealthy americans are going too much to go up. or taxes, more generally. so i think that's where he feels the mandate of a second term and he's going to drive a hard bar fwan. but i think he's going to try to work in a way to make it very difficult for republicans to s
. >> all this comes as washington is turning its attention to the fiscal cliff. these automatic spending cuts that threatened to send the economy back into a nose dive. what's your sense in washington? are both sides -- do both sides still have an appetite to play brinksmanship or is there a real desire to get this done? >> as i talk to people on capitol hill, lester, and in the administration, there is still wariness on both sides. one for the other. but there is a different...
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Nov 14, 2012
11/12
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if we do fall off the fiscal cliff, this will end. there is no way we won't have a new spike up in foreclosures. the bankers ceos reductions in pay are going to happen if they don't get this done. those people don't know what awaits them. third, investments should go down in value. people buy stocks because they get a return versus cash or bonds because interest from cash or bonds is lower than post tax dividends or stocks. they should sell some of those stocks. they should take a chance that it goes to the higher income rate. however, a great deal of the stock owned by individuals are better than bonds. and the tax return of dividends is irrelevant. they are natural buyers and take up the slack on a big move down. they cushion us. others shouldn't sell because the dividends of others are so high. how would you feel about passing up on the gain of home depot? which brings us to the last and most important reason why we aren't crashing. the prospect of being out of the market the day we get a resolution, even a sub par one, remember wh
if we do fall off the fiscal cliff, this will end. there is no way we won't have a new spike up in foreclosures. the bankers ceos reductions in pay are going to happen if they don't get this done. those people don't know what awaits them. third, investments should go down in value. people buy stocks because they get a return versus cash or bonds because interest from cash or bonds is lower than post tax dividends or stocks. they should sell some of those stocks. they should take a chance that...
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Sep 12, 2012
09/12
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cliff with automatic across the board spending cuts next year along with the expiration of the bush era spending tax cuts. john boehner says he is, quote, not confident congress can reach an agreement before the elections. all of that moody's warns they may downgrade credit ratings. >>> it's finally here. today is the day apple ends all of the speculation and rumors floating around the much behind media event. those in the know expect them to debut its next generation iphone today. it will have a significant impact on the nation's economy. nbc's jay gray has more. >> reporter: faster, sleeker, more memory, better application. it can feed your dog, even change your baby's diaper. well, the last two are a bit of a stretch, but speculation about the new iphone and what it may be able to do has been building for months now. >> you know, that's what i'm curious to see, the laws of physics and design sort of dictate that a phone can really only be a phone. we're not going to get a magical flying spaceship tomorrow. it is going to be a roughly square device with a touchscreen running an op
cliff with automatic across the board spending cuts next year along with the expiration of the bush era spending tax cuts. john boehner says he is, quote, not confident congress can reach an agreement before the elections. all of that moody's warns they may downgrade credit ratings. >>> it's finally here. today is the day apple ends all of the speculation and rumors floating around the much behind media event. those in the know expect them to debut its next generation iphone today. it...
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Nov 9, 2012
11/12
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cliff. >> the combination of tax hikes and spending cuts that to take effect in january could send the economy back into a crippling recession. sally kyd joins us live with the details. >> high-stakes negotiations kick off next week. the president has invited the president has invited congressional
cliff. >> the combination of tax hikes and spending cuts that to take effect in january could send the economy back into a crippling recession. sally kyd joins us live with the details. >> high-stakes negotiations kick off next week. the president has invited the president has invited congressional
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Nov 8, 2012
11/12
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the dow plunged 313 points on wednesday amid fears about the looming fiscal cliff of spending cuts and tax increases that could push the u.s. into another recession. maria bartiromo is the host of cnbc's "closing bell." >> well, people are putting two and two together, saying wall street dropped the day after the election. simple question, why? >> you're absolutely right. well, first off, people are worried about higher taxes, higher regulation under it had obama presidency. but also, it is this near-term worry about the fiscal cliff. at the end of this year, we will see $600 billion of spending go away. there are spending cuts coming, that means, defense companies, transportation, construction, they may very well have to lay off workers. in addition to that, we've got the highest tax increase coming on virtually all income levels. these two things will coincide, and that is the fiscal cliff to basically possibly push the u.s. economy into recession unless congress does something about it. >> is wall street basically registering its doubt and skepticism that either party can come toget
the dow plunged 313 points on wednesday amid fears about the looming fiscal cliff of spending cuts and tax increases that could push the u.s. into another recession. maria bartiromo is the host of cnbc's "closing bell." >> well, people are putting two and two together, saying wall street dropped the day after the election. simple question, why? >> you're absolutely right. well, first off, people are worried about higher taxes, higher regulation under it had obama...
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Nov 7, 2012
11/12
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bipartisanship -- the fiscal cliff, tax hikes and spending cuts come in seven weeks. steve handelsman, at wbal tv 11 news. quite significant changes on the way in maryland with the referendums passing on the ballot. the most controversial, in favor of same-sex marriage. 52% of maryland voters in check yes. the news brought some emotional victory chance after a hard- fought battle. kim has more on what is next. >> last night, maryland was one of four states to legalize same- sex marriage. it is the first time it has passed in an election as a valid question. this was such a heated issue, what happens now? the headquarters of marriage quality is buzzing with congratulation and energy after question 6 past, legalizing same-sex marriage. >> we are really excited. january 1, 2013, gay and lesbian couples are going to get a state-issued a marriage license. we won one of the largest coalition efforts the state has ever had. >> tuesday's election was the first time the bill has ever passed as the ballot item. the credit months of running a grass-roots campaign. >> i believe b
bipartisanship -- the fiscal cliff, tax hikes and spending cuts come in seven weeks. steve handelsman, at wbal tv 11 news. quite significant changes on the way in maryland with the referendums passing on the ballot. the most controversial, in favor of same-sex marriage. 52% of maryland voters in check yes. the news brought some emotional victory chance after a hard- fought battle. kim has more on what is next. >> last night, maryland was one of four states to legalize same- sex marriage....
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Jul 20, 2012
07/12
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. >> everybody's worried about the fiscal cliff and defense spending. i have a 4.5% yield, a lot of upside, a chart that i like. [ buy, buy, buy ] john in my home state of new jersey. john. >> caller: hey, jim. want to send out a real quick boo-yah to you and your terrific "mad money" team. >> the greatest people. best staff. everybody knows it. everyone wants to be on it. yeah! >> caller: i have a dangerously high yielder. i have been doing homework on it with the assumption they will slash the dividend. banco santander. san. >> i admit to being worried about it. the reason there is a tie which i don't want to get near at this time. here's the problem. spain is a disaster. i was talking to a banker yesterday and said i feel bad for the people at banco santander. they're the best bank in spain, but they are in spain so i can't recommend the stock. adam in new york. adam. >> caller: hi, jim. >> how are you? >> caller: good. how are you? >> all right. >> caller: so now that morgan stanley reported earnings, what's your play? would you consider it to be a
. >> everybody's worried about the fiscal cliff and defense spending. i have a 4.5% yield, a lot of upside, a chart that i like. [ buy, buy, buy ] john in my home state of new jersey. john. >> caller: hey, jim. want to send out a real quick boo-yah to you and your terrific "mad money" team. >> the greatest people. best staff. everybody knows it. everyone wants to be on it. yeah! >> caller: i have a dangerously high yielder. i have been doing homework on it with...
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Jan 2, 2013
01/13
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same night of the fiscal cliff battle over the government's deficit. stunned democrats and republicans could not believe that their hometown suffering could be ignored. >> this is time to stop debating and take the gloves off. jersey style. >> i think it's inexcusable that we did not have this vote. >> even boehner's allies, like new york republican peter king revolted. >> we cannot believe that this cruel knife in the back was delivered to our region. >> reporter: the outrage reverberated from his hawaii vacation, the president phoned the governors of new york and new jersey. >> 66 days and counting. shame on you. shame on congress. >> reporter: in his blunt style, new jersey's governor chris christie said congress betrayed them. >> there is no reason for me at the moment to believe anything they tell me. >> reporter: under intense pressure, boehner quickly reelected. he members with members from the northeast and they got results. a vote on some emergency aid this friday. >> we're getting what new york and new jersey need, and that's all that counts.
same night of the fiscal cliff battle over the government's deficit. stunned democrats and republicans could not believe that their hometown suffering could be ignored. >> this is time to stop debating and take the gloves off. jersey style. >> i think it's inexcusable that we did not have this vote. >> even boehner's allies, like new york republican peter king revolted. >> we cannot believe that this cruel knife in the back was delivered to our region. >> reporter:...
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Dec 28, 2012
12/12
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the good news is that lawmakers could, even if we go over the fiscal cliff, retroactively fix those tax increases and spending cuts. but, mara, the big question is what is even an temporary uncertainty going to do to the stock market. >> a lot to be concerned about, danielle leigh, thank you so much for that report. >>> the nation is mourning the loss of one of the great military leaders of our time. retired four star general norman schwarzkopf died in his home in tampa, florida. the cause of death is unknown. he was 78. the hard-champing general widely known as "stormin' norman" was most famous for leading the victory in 1991. under schwarzkopf's command he took six weeks to drive saddam hussein's army out of kuwait. he earned two purple hearts. ed white house is calling schwarzkopf an american original. general colin powell said of his friend that he, quote, not only inspired his troops but as inspired the nation. schwarzkopf is survived by his wife brenda and his three children. >>> former president george h.w. bush remains in the hospital in houston recovering from a terrible case o
the good news is that lawmakers could, even if we go over the fiscal cliff, retroactively fix those tax increases and spending cuts. but, mara, the big question is what is even an temporary uncertainty going to do to the stock market. >> a lot to be concerned about, danielle leigh, thank you so much for that report. >>> the nation is mourning the loss of one of the great military leaders of our time. retired four star general norman schwarzkopf died in his home in tampa, florida....
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Jan 2, 2013
01/13
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we are >> congress sent president barack obama adults avoid the fiscal cliff. it passed overwhelmingly in the u.s. senate. it passed the house by a 40 vote margin. it rolls back tax hike on the middle class and raise taxes on the wealthy and delayed those massive spending cuts for another two months. it was an easy road to get here. these initiations dragged on for quite some time. the president spoke a few minutes ago. he thanked joe biden and the house democratic leader that the policy and the republican leader in the u.s. senate, mitch mcconnell, for making this happen. he called this a domestic process. he said nobody is really happy 100% with the deal but it was not enough time for a larger deal. he also said he is taking another hard-line in the upcoming fight over the debt and selling. he warned congressional republicans it would be a tough fight. as gerry sandusky said, the yeas have it, . >> another look of the 7 day forecast. nothing to talk about there. really quite weather the next several days. maybe some sprinkles on flurries. >> the a la carte ga
we are >> congress sent president barack obama adults avoid the fiscal cliff. it passed overwhelmingly in the u.s. senate. it passed the house by a 40 vote margin. it rolls back tax hike on the middle class and raise taxes on the wealthy and delayed those massive spending cuts for another two months. it was an easy road to get here. these initiations dragged on for quite some time. the president spoke a few minutes ago. he thanked joe biden and the house democratic leader that the policy...
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Aug 3, 2012
08/12
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. >> the challenges include a weak global economy and the so-called fiscal cliff when tax hikes and spending cuts are scheduled to take effect. some say the july job gain, the best in five months, are a relief for now. nikole killion, wbal-tv 11 news. >> 103 years old and she's still got it. >> it she has been around longer than the city sewage system. her secret to old life when we come back. >> we see what the new model teachers are doing to improve >> live a, local, late breaking. this is wbal-tv 11 news at 5:00 p.m. stan stovall and donna hamilton. your forecast with tom tasselmyer and sky team 11 covering breaking news where you live. wbal-tv 11 news at 5:00 continues now. >> they are among the cream of the crop, the top educators looking for ways to help improve in the classroom. it has been almost two years since the landmark contract. >> we meet the first group of model teachers who made the cut. tim tooten is live in the newsroom with that story. >> these are at the head of their class, model teachers to help students and fellow educators. >> these are some of the model educators, m
. >> the challenges include a weak global economy and the so-called fiscal cliff when tax hikes and spending cuts are scheduled to take effect. some say the july job gain, the best in five months, are a relief for now. nikole killion, wbal-tv 11 news. >> 103 years old and she's still got it. >> it she has been around longer than the city sewage system. her secret to old life when we come back. >> we see what the new model teachers are doing to improve >> live a,...
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Jul 1, 2012
07/12
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we're not going to drive off a fiscal cliff. the big issue is the extension of the bush era tax cuts. how is that handled? that's going to depend on exactly the outcome of the november election and there's some scenarios that could be quite good and some that could be absolutely disastrous. so we'll lrn a lot. we'll see a lot in the last six weeks of this year. >> simon, we'll leave it there. good to have you on the program. simon johnson joining us. up next on "the wall street journal report," the supreme court upholds health care reform. what the road ahead means. former senate majority leader tom dashle will join us. >>> later, looking for the next game changing idea. einstein and ben franklin. walter isaacson is my next guess. take a look at how the stock market ended the week. back in a moment. ayin you en reou f th you the r coto u yep. longestayth e you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. ca
we're not going to drive off a fiscal cliff. the big issue is the extension of the bush era tax cuts. how is that handled? that's going to depend on exactly the outcome of the november election and there's some scenarios that could be quite good and some that could be absolutely disastrous. so we'll lrn a lot. we'll see a lot in the last six weeks of this year. >> simon, we'll leave it there. good to have you on the program. simon johnson joining us. up next on "the wall street...
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Nov 8, 2012
11/12
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first, the fiscal cliff. with tax hikes and spending cuts, reaching a deal with congress, then what? >> the president has promised he will do immigration reform. he did not keep it last time. >> other issues could range from climate change to the implementation of his health- care law. >> obamacare, the biggest item has a lot of loose ends that need to be attended to. >>
first, the fiscal cliff. with tax hikes and spending cuts, reaching a deal with congress, then what? >> the president has promised he will do immigration reform. he did not keep it last time. >> other issues could range from climate change to the implementation of his health- care law. >> obamacare, the biggest item has a lot of loose ends that need to be attended to. >>
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Nov 2, 2012
11/12
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the so-called fiscal cliff on tax increases and spending cuts raising the risk that expansion will be at a snail's pace. in the meantime, linkedin is a company benefiting from people looking for jobs. they sold more subscriptions to their expanding based. we had a little rally going on yesterday. some strong economic reports having to deal with consumer confidence, manufacturing, and all of that helping stocks of a good day. in the meantime, the ipad mini comes out today. as of yesterday, there was one guy a in line and he traveled more than three hours from brooklyn to get to the flagship store. this morning about two were three dozen people are in line. >> he is holding a spot for 7000 other people. that is what i understand. >> maybe he will come out was 7000 ipad minis. facebook had a real -- facebook had a huge roll out for their time line, but now they are already considering a change? >> i will have more details of what they are looking to do. and estimates on the damage for hurricane sandy is giong up. >>she is a ravens fan. 5:22. up next, our commitment 2012 report. >> more o
the so-called fiscal cliff on tax increases and spending cuts raising the risk that expansion will be at a snail's pace. in the meantime, linkedin is a company benefiting from people looking for jobs. they sold more subscriptions to their expanding based. we had a little rally going on yesterday. some strong economic reports having to deal with consumer confidence, manufacturing, and all of that helping stocks of a good day. in the meantime, the ipad mini comes out today. as of yesterday, there...
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Jun 24, 2012
06/12
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are they going to address this fiscal cliff? >> you know, i certainly hope so. for those of us in the states, we realize how dependent with what goes on at a national level, we are certainly expecting them to have the same kind of functional relationships that we have. >> governor, it's great to have you on the program. >> thank you. >> governor jack markell. up next on "the wall street journal" report, i take a walk through harlem. feeding the needs of a changing neighborhood. neighborhood. >> i grew up in the ♪ ♪ we all need it. to move. to keep warm. to keep us fed. to make clay piggies. but to keep doing these things in the future... at shell, we believe the world needs a broader mix of energies. that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. and it's also why, with our partner in brazil, shell is producing ethanol - a biofuel made from renewable sugarcane. ♪ >>a minute, mom! let's broaden the world's energy mix. let's go. >>> a renaissance in harlem is bringing independently
are they going to address this fiscal cliff? >> you know, i certainly hope so. for those of us in the states, we realize how dependent with what goes on at a national level, we are certainly expecting them to have the same kind of functional relationships that we have. >> governor, it's great to have you on the program. >> thank you. >> governor jack markell. up next on "the wall street journal" report, i take a walk through harlem. feeding the needs of a...
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Jan 1, 2013
01/13
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senate has passed a deal to avoid the fiscal cliff. the white house reached an agreement with senate republicans late on monday on a deal to stop spending cuts from taking effect automatically. it's not just the fiscal cliff lawmakers have to worry about. the treasury department is taking steps to buy time. the vote to raise the debt ceiling sets the stage for another fight on capitol hill. doctors are confident hillary clinton will make a full recovery from a blood clot that formed inner hea her head. the clot did not cause neurological damage. >> gurd fax millions of americans and doctors say cases are on the rise. -- gurd effects millions of americans. donna hamilton has more. >> reflexing from the stomach into the esophagus. it is ok to have acid in your stomach but not in the esophagus. >> the doctor is talking about the reflux disease or gurd, treated most of the time with acid medications. >> in most situations, they work very well. you'll always have a small minority of patients that did not respond to acid medication alone. >>
senate has passed a deal to avoid the fiscal cliff. the white house reached an agreement with senate republicans late on monday on a deal to stop spending cuts from taking effect automatically. it's not just the fiscal cliff lawmakers have to worry about. the treasury department is taking steps to buy time. the vote to raise the debt ceiling sets the stage for another fight on capitol hill. doctors are confident hillary clinton will make a full recovery from a blood clot that formed inner hea...
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Nov 8, 2012
11/12
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. >> that fiscal cliff, $600 billion in automatic tax hikes and spending cutbacks set to kick in january 1 unless lawmakers take action. investors are worried a lame duck session of a divided congress and the reelection of the status quo means no budget compromise now or later. >> the same people who could not agree for the past two years now have to agree on something between now and the first of january. otherwise there will be huge cuts in the federal budget which the congressional budget office says will likely throw us back into a recession. >> problems in europe did play a part in the fall of but investors are leery that this term to me more energy regulation and the new banking regulations are likely here to stay. >> he financial analysts expect volatility to continue which could directly impact your financials. >> you may want to wait awhile before you start picking the winners and losers >> waiting and watching for the looming fight on capitol hill. >> while the margin was slim, maryland loaders past gambling in the state. it allows merrill the casinos to operate 24/7 and allows
. >> that fiscal cliff, $600 billion in automatic tax hikes and spending cutbacks set to kick in january 1 unless lawmakers take action. investors are worried a lame duck session of a divided congress and the reelection of the status quo means no budget compromise now or later. >> the same people who could not agree for the past two years now have to agree on something between now and the first of january. otherwise there will be huge cuts in the federal budget which the...
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Dec 28, 2012
12/12
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. >> to another possible financial crisis, the fiscal cliff. without a fix on general one, tax hikes and spending cuts will kick in. president obama will meet and search for some type of compromise. leaders continue to play the blame game and point figures. >> i cannot imagine their consciences. we are here trying to get something done. republicans are not about to write a blank check just because we find ourselves at the edge of the cliff,. >> i highly unusual sunday evening session. a man is in a, tonight after he -- found beaten in the hous in a house. he suffered from head trauma. he had gone to give estimates on contract work when he went missing. >> they robbed him. they were wrong for what they did. i hear about stuff like this on the news but i would never know it would come to my family during the holiday season. >> the search continues for a suspect. ever since the massacre, he gun control debate has been raving. it had us curious about gun sales in maryland. >> the rifle adam lanza used was legally owned and registered to his mother.
. >> to another possible financial crisis, the fiscal cliff. without a fix on general one, tax hikes and spending cuts will kick in. president obama will meet and search for some type of compromise. leaders continue to play the blame game and point figures. >> i cannot imagine their consciences. we are here trying to get something done. republicans are not about to write a blank check just because we find ourselves at the edge of the cliff,. >> i highly unusual sunday evening...
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Nov 7, 2012
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. >> a top priority, the fiscal cliff, billions of dollars of expiring tax cuts and spending cuts taking effective january 1. the house speaker says he is ready to stand at the president. >> it is a mandate for us to find a way to work together on the solutions to the challenges we face as a nation. >> president obama called democratic and republican leaders to reiterate his commitment to working together. >> voters legalized full-blown casino gambling in the state. it adds a sixth casino site and for the facilities to operate. david collins joins us from the newsroom with more on what is next. >> approval means a gambling license will go out for bid and cable games will be allowed at all the casinos. >> good afternoon and welcome. >> a victory lap, county executives gathering in downtown silver springs to think voters and kowtow revenues will benefit the state. >> money for transportation. health care, we're going to build a regional health care facility. >> mgm wants to open a destination resort, creating four thousand jobs. the actual site will face a competitive process. question sev
. >> a top priority, the fiscal cliff, billions of dollars of expiring tax cuts and spending cuts taking effective january 1. the house speaker says he is ready to stand at the president. >> it is a mandate for us to find a way to work together on the solutions to the challenges we face as a nation. >> president obama called democratic and republican leaders to reiterate his commitment to working together. >> voters legalized full-blown casino gambling in the state. it...
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Nov 13, 2012
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. >> the biggest shadow belongs to the fiscal cliff, the threat of tax increases and spending cuts that come with a deadline. >> a lot of bad things could happen. the other is they kick the can down the road. >> it could suck up all the band with in congress. >> these things tend to squeak through because everybody is focused on the big issue and the little fights aren't as divisive. >> decisions over the debt ceiling and possibly immigration reform. one of the first things members of congress have to do is look at who will look at the leadership roles moving forward. members of the senate will meet tomorrow to talk about that. in the house, whether nancy pelosi will stay on as her role. >> is impossible some may get folded into the discussion about the fiscal cliff? >> you could see some of these used as negotiations tactics. we could see a farm bill worked into a broader piece of legislation. >> some very interesting discussions. hallie jackson, thank you. >> 46 degrees at the airport. >> los angeles is encouraging its residents to curb their intake of the food group. going vegetarian
. >> the biggest shadow belongs to the fiscal cliff, the threat of tax increases and spending cuts that come with a deadline. >> a lot of bad things could happen. the other is they kick the can down the road. >> it could suck up all the band with in congress. >> these things tend to squeak through because everybody is focused on the big issue and the little fights aren't as divisive. >> decisions over the debt ceiling and possibly immigration reform. one of the...
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188
Nov 2, 2012
11/12
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power behind consumer spend. the fiscal cliff looming but still the positive. second is that europe's a disaster and the most important thing you can do is distance yourself from the continent. ask companies like alcoa and ford. the third, that china had become a big disappointment. yeah, china. and it wupt going to turn around any time soon. certainly not in time to help 2012. this came from a decline in orders. they all articulated as such on a recent conference call. companies that have been optimistic that china was about to turn, that the growth was about to kick in collectively seemed to give up all at once on the clos sus. nobody had been more upbeat than caterpillar. but you know what it did? it threw in the terrible towel. openly bemoaning china in 2012. gut wrenching. now fast forward to earlier this morning and let me make this thing up close and personal. new york city mayor decided yesterday you needed three people in your car to cross over the east river to get from mat hat tan to brooklyn. you can beat the edict if you crossed over before 6:00 a.
power behind consumer spend. the fiscal cliff looming but still the positive. second is that europe's a disaster and the most important thing you can do is distance yourself from the continent. ask companies like alcoa and ford. the third, that china had become a big disappointment. yeah, china. and it wupt going to turn around any time soon. certainly not in time to help 2012. this came from a decline in orders. they all articulated as such on a recent conference call. companies that have been...
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Dec 31, 2012
12/12
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[no audio] >> just hours away from possibly going over the fiscal cliff. if without a deal before midnight, americans will be ringing in this new year with tax hikes and spending cuts. this could kick the economy back into a recession. both chambers convened in a rare sunday session but came up empty. all a great tax rates should be preserved for the middle class. >> taxes on middle class families do not go up. >> in the deal must force wealthier americans to pay more. republicans say that will do nothing to curb the mounting debt. ernie to joe biden to break the stalemate. >> we are running at a time. there is too much at stake. >> workers may see less and there paycheck if there is no agreement. government contractors might be forced to lay off employees. businesses could lose tax breaks. many americans are still hoping for an 11th hour compromise. >> i would hope they could work together and realize that this is affecting everyone. >> both chambers will reconvene later this morning, at which point there will be 12 hours left until the deadline. >> what
[no audio] >> just hours away from possibly going over the fiscal cliff. if without a deal before midnight, americans will be ringing in this new year with tax hikes and spending cuts. this could kick the economy back into a recession. both chambers convened in a rare sunday session but came up empty. all a great tax rates should be preserved for the middle class. >> taxes on middle class families do not go up. >> in the deal must force wealthier americans to pay more....
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229
Nov 13, 2012
11/12
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. >> the biggest shadow belongs to the fiscal cliff, the threat of tax increases and spending cuts that come with a deadline. >> a lot of bad things could happen. >> there are two possibilities. the other is they kick the can down the road. >> it could suck up all the bandwidth in congress. when it comes to cyber security or extending payroll tax cuts -- >> these things tend to squeak through because everybody is focused on the big issue, and the little fights aren't as divisive. >> decisions over the debt ceiling and possibly immigration reform. >> immigration reform is the biggest item that may be tackled and hasn't had a look in the long time. >> one of the first things members of congress have to do is look at who will look at the leadership roles moving forward. members of the senate will meet tomorrow to talk about that. in the house, it's whether nancy pelosi will stay on in her role as minority leader. hallie jackson, wbal-tv 11 news. >> 6:08. 46 degrees at the airport. police rushed to it colorado movie theater. there was a panic. >> two more stores will open early before black
. >> the biggest shadow belongs to the fiscal cliff, the threat of tax increases and spending cuts that come with a deadline. >> a lot of bad things could happen. >> there are two possibilities. the other is they kick the can down the road. >> it could suck up all the bandwidth in congress. when it comes to cyber security or extending payroll tax cuts -- >> these things tend to squeak through because everybody is focused on the big issue, and the little fights...
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102
Sep 13, 2012
09/12
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i will bet over a fiscal cliff, finally schlumberger. oil is in a permanently higher plain. especially the unsettled situation in the middle east. national oil companies and independents alike will be stepping up the global spending for oil exploration and development particularly offshore. no company can make more money from that cycle than schlumberger. when you examine your stocks tonight, put them through the prism of economics and ask yourself, do the companies have enough going for them that they won't be hostage if the peaking scenario does play out. here's the bottom line. i don't believe that the world's economies are going to wreak havoc on stocks because the linkage isn't going to be there. but you can do a lot to ensure it doesn't matter by investing in stocks which offer some immunity to the global business slowdown. let's go to dominic in california. dominic? >> caller: boo-yah, jim. >> boo-yah, chief. >> caller: i was wondering what you thought about the company ea with the iphone five today. >> you know, i heard that, and a lot of people said, listen, i've go
i will bet over a fiscal cliff, finally schlumberger. oil is in a permanently higher plain. especially the unsettled situation in the middle east. national oil companies and independents alike will be stepping up the global spending for oil exploration and development particularly offshore. no company can make more money from that cycle than schlumberger. when you examine your stocks tonight, put them through the prism of economics and ask yourself, do the companies have enough going for them...
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91
Jan 31, 2013
01/13
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cuts and the fiscal cliff stalemate. >> we have removed the financial panic and now we're waiting to kind of take a look at the dust and see how it's settled and see how much destruction there's really been. >> reporter: through it all, wall street has been on a tear. up nearly 6% this month. meanwhile, on main street -- >> i'm filling up once a week so $50 a week, $200 a month. >> gas prices are headed north. >> i need a new car. it's breaking me. it's ridiculous. >> reporter: the national average is now $3.42 a gallon, up ten cents in just a week and about where it was a year ago. california, the great lakes and the east coast are paying the most. analysts blame refinery slow downs. >> this is one of the quickest, largest increases we have seen for this time of year. that we have ever seen. >> reporter: all of this sets the stage for tomorrow's jobs report and one of the first real reads on the state of the economy in 2013. tom costello, nbc news, washington. >>> we've been reporting on the warnings and seeing the examples over and over. state-sponsored computer hacking of american
cuts and the fiscal cliff stalemate. >> we have removed the financial panic and now we're waiting to kind of take a look at the dust and see how it's settled and see how much destruction there's really been. >> reporter: through it all, wall street has been on a tear. up nearly 6% this month. meanwhile, on main street -- >> i'm filling up once a week so $50 a week, $200 a month. >> gas prices are headed north. >> i need a new car. it's breaking me. it's ridiculous....
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179
Sep 27, 2012
09/12
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the fiscal cliff, you should call it the fiscal wall. we still haven't dipped below 8% unemployment. remarkable when you consider how long it's been since the actual economic crash. we have a federal reserve that's so exasperated with its inability to get the economy moving, it's taken the unprecedented position saying it's going to stay acome date. aka, print money. we still are one more unthinkable, a slowing chinese economy. the great growth engine -- the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the dark recession. what's happened? stock market never quit, never stopped climbing. it's had a remarkable run with every sector leading the charge at one time or another. before i get into the big remonstrations for the evening. i have gotten the big picture right. the europe, the slowdown of china and the perma low growth, the united states. some income producers, growth names and stocks with solid dividend boosts and, of course, some gold. these have been the corre
the fiscal cliff, you should call it the fiscal wall. we still haven't dipped below 8% unemployment. remarkable when you consider how long it's been since the actual economic crash. we have a federal reserve that's so exasperated with its inability to get the economy moving, it's taken the unprecedented position saying it's going to stay acome date. aka, print money. we still are one more unthinkable, a slowing chinese economy. the great growth engine -- the great engine of growth that has...